Thomas J. Herzfeld Advisors Inc. increased its stake in shares of MFS MUNI INC TR (NYSE:MFM - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 587,872 shares of the closed-end fund's stock after purchasing an additional 61,845 shares during the period. MFS MUNI INC TR accounts for approximately 1.1% of Thomas J. Herzfeld Advisors Inc.'s investment portfolio, making the stock its 28th biggest position. Thomas J. Herzfeld Advisors Inc. owned approximately 1.20% of MFS MUNI INC TR worth $3,116,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of MFM. Janney Montgomery Scott LLC raised its holdings in MFS MUNI INC TR by 9.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 626,431 shares of the closed-end fund's stock valued at $3,320,000 after acquiring an additional 52,816 shares during the last quarter. Bank of America Corp DE raised its holdings in MFS MUNI INC TR by 15.6% in the 4th quarter. Bank of America Corp DE now owns 1,895,354 shares of the closed-end fund's stock valued at $10,140,000 after acquiring an additional 255,120 shares during the last quarter. Citadel Advisors LLC acquired a new stake in MFS MUNI INC TR in the 4th quarter valued at about $106,000. Jane Street Group LLC acquired a new stake in MFS MUNI INC TR in the 4th quarter valued at about $79,000. Finally, Envestnet Asset Management Inc. raised its holdings in MFS MUNI INC TR by 19.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 639,204 shares of the closed-end fund's stock valued at $3,388,000 after acquiring an additional 103,401 shares during the last quarter.
MFS MUNI INC TR Stock Down 0.1%
MFM stock traded down $0.01 during mid-day trading on Friday, reaching $5.18. The company's stock had a trading volume of 208,914 shares, compared to its average volume of 131,532. MFS MUNI INC TR has a fifty-two week low of $4.94 and a fifty-two week high of $5.78. The company's 50 day moving average is $5.13 and its two-hundred day moving average is $5.20.
MFS MUNI INC TR Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 19th were issued a $0.024 dividend. The ex-dividend date was Tuesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 5.6%.
About MFS MUNI INC TR
(
Free Report)
MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.
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